On the Corona disaster, Finance Minister Nirmala Sitharaman mentioned that in view of this epidemic, the federal government is able to change the foundations of EPF.
new Delhi: Amidst the havoc of Coronavirus, the federal government has made a giant announcement for the working class. On the Corona disaster, Finance Minister Nirmala Sitharaman mentioned that in view of this epidemic, the federal government is able to change the foundations of EPF in order that staff can withdraw as much as 75 p.c non-refundable advance quantity or three months wage from their PF account. . <! –
However, the quantity which is lower than each could be withdrawn.
The Finance Minister mentioned that 4.Eight crore staff will profit from this determination.
This determination goes to learn 4.Eight crore employees: Finance Minister Nirmala Sitharaman https://t.co/c7q10qQISF
– ANI (@ANI) March 26, 2020
Finance Minister Nirmala Sitharaman mentioned that the federal government is doing every part potential for the poor. Therefore, the federal government goes to offer a bundle of 1 lakh 70 thousand crore rupees for the poor. This cash will probably be despatched on to the account of the poor. Will not let any poor starve. For the subsequent three months, each poor will get 5 kg additional grain freed from value. That is, 80 crore beneficiaries will get these advantages beneath Pradhan Mantri Anna Yojana. This will probably be a further facility from the ration offered beneath PDS. With this, the insurance coverage of warriors like medical doctors preventing the battle in opposition to Corona will probably be 50 lakh. In this fashion, 20 lakh well being employees will probably be given this insurance coverage cowl.
The cash will go on to the account of Jan Dhan Yojana account holders. 2000 rupees will probably be added to the farmers' account within the first week of April. 8.69 crore farmers will probably be given this aid. An further one thousand rupees a month will probably be given to a few crore, outdated, widows and disabled individuals. Three cylinders will probably be given freed from value to the beneficiaries of Ujjwala scheme for the subsequent three months. 20 crore girls holding Jan Dhan account will get 500 rupees within the subsequent three months.
With this, Minister of State for Finance Anurag Thakur mentioned that the federal government will submit EPF contribution for the subsequent three months for the organized sector employees. For these whose wage is lower than 15000, they may contribute to the federal government. A mortgage credit score of 20 lakh will probably be given to 63 lakh girls volunteer teams.